Wihlborgs sells seven properties in Stockholm and Malmö

Wihlborgs sells seven properties in Stockholm and Malmö Wihlborgs has sold seven properties in Stockholm and Malmö. At the same time, the properties Brantholmen 1 and 2 and Fågelholmen 1, 2 and 3 in Skärholmen have reverted to Wihlborgs, since it was not possible to close the deal. Overall this means that during the year 2003 Wihlborgs has hitherto sold 58 properties for SEK 1,980 million, at a total profit of SEK 300 million. Five of the properties that have now been sold went to newly formed housing associations: three in Stockholm (Hagsätra) and two in Malmö. Following the sales, Wihlborgs retains six residential properties in Malmö. During 2002-2003 Wihlborgs has sold 53 residential properties in Malmö. Over the same period the company has sold 27 residential properties in Stockholm. "We have consistently acted in accordance with the strategic plan, which states that residential property shall make up ten per cent of our portfolio. The sale of residential properties, including sales to housing associations, has thus proceeded at a fast pace," says Erik Paulsson, President end CEO, Wihlborgs Fastigheter AB. "The properties in Skärholmen constitute attractive stock, and we are positive about finding new solutions for the properties," Erik Paulsson continues. Wihlborgs Fastigheter AB (publ) For further information: Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46(0)733-87 18 18 Olle Knaust, deputy CEO and CFO, Tel.: +46 (0)8-555 148 10, +46(0)733-87 18 10 Mats Berg, communications manager, Tel.: +46 (0)8-555 148 20, +46(0)733-87 18 20 Properties sold Property Municipality Region Category Area, sqm Låskolven 1 Stockholm Stockholm Residential 5,054 Låsregeln 1 Stockholm Stockholm Residential 3,126 Dörrvredet 2 Stockholm Stockholm Residential 3,391 Järnlodet 23 Stockholm Stockholm Resid./retail5,939 Beritsholm 11 Malmö Öresund Residential 1,546 Olga 1 Malmö Öresund Residential 1,847 Smörbollen 13 Malmö Öresund Ind/warehouse1,000 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/30/20030930BIT00380/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/30/20030930BIT00380/wkr0002.pdf

30 Sep 2003 3:21 PM